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Edwin Santiago
Edwin, 29, learned the art of leather working when he studied at the Escuela de Artes y Oficios, Santo Domingo (Santo Domingo School of Arts and Crafts) ((http://www.eaosd.org/), sponsored by the Fundación Mario Santo Domingo. In 2009, he started his own adventure in business, using the techniques he had learned. He has a leather working shop where he makes bags, belts and billfolds. He has three employees and, as principal clients, department stores and wholesalers in France, Venezuela and the city of Cali. Cali is also known as the “University of the Salsa” in Colombia due to the expertise shown in performing the dance..

Edwin’s exclusive designs added to the quality of his products show a craftsmanship that has gained him market share, which he has been able to sustain over the competition. Currently he is applying for a Kiva loan, his first funding request to Fundación Mario Santo Domingo. He will use it to pay cash for basic materials wholesale, such as leather and hardware, in order to increase his production and sales. This insures that the investment will be a big success.

Edwin’s future goal is to expand his business with production equipment in order to transform it into a large company and to promote his products in many countries. It is with this dream that he gets up every day, ready to work.
View original language description ↓
Edwin de 29 años, conoció el arte de la marroquinería cuando estudió en la Escuela de Artes y oficios Santo Domingo, (http://www.eaosd.org/ , apoyada por la Fundación Mario Santo Domingo) y desde al año 2009 emprendió su propia aventura de negocios, con las técnicas aprendidas. El tiene un taller de marroquinería, donde fabrica bolsos, correas y billeteras. Genera 3 empleos y tienen como principales clientes, almacenes y mayoristas de Francia, Venezuela y la ciudad de Cali, “llamada también la universidad de la salsa en Colombia, por su pericia para bailar este ritmo”. Edwin con sus diseños exclusivos ha la calidad de sus productos, que tienen un acabado artesanal, ha ganado mercado y el sostenimiento de este frente a la competencia. En la actualidad está aplicando a un credikiva, primer financiamiento que hace ala Fundación Mario Santo Domingo, mediante el cual comprará materias primas al por mayor y de contado, como cueros y herrajes para aumentar su producción y las ventas, lo cual hace proveer que esta inversión será todo un éxito. Su meta mas adelante es ampliar su negocio, con equipos de producción, para transformarla en una gran empresa, promocionar sus productos en muchos países y es con este sueño, que se levanta cada día listo para trabajar.

Additional Information

About Fundación Mario Santo Domingo

Fundación Mario Santo Domingo (FMSD) is a non-profit organization in northern Colombia dedicated to developing programs for the country’s poorest communities. In addition to numerous social services, FMSD runs a microfinance program to strengthen micro-businesses in the areas where it works. The organization also offers several non-financial components as part of this program, including training to help entrepreneurs start their own businesses.

About Colombia

  • $11,100
    Average annual income
  • 487
    View loans »
    Colombia Loans Fundraising
  • $15,259,900
    Funds lent in using Kiva
  • 1,772.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Edwin Santiago to pay cash for basic supplies wholesale, such as leather and hardware, in order to increase production and sales.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 30, 2012
Listed
Apr 13, 2012
Currency Exchange Loss:
Covered
Ended:
May 17, 2013